Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Safe Ohio City Title is generated by Realmo AI

    549-601 N Aurora Rd, Aurora, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land with flexible uses in a safe, amenity-rich Ohio city.

    Type:LAND
    Lot size:
    25.50 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    185
    Last Refresh:
    May 20 at 9:03 pm

    Property Features for 549-601 N Aurora Rd

    General Information

    Standard status
    Active
    Lot size
    25.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Victor S. Voinovich Sr.
    Victor S. Voinovich Sr.

    Listing agent Victor S. Voinovich Sr. License ##BRK0000264083

    Listing office First Place Commercial Realty

    Listing date Nov 24, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of First Place Commercial Realty

    HighLights

    • Voted one of the 50 safest cities in Ohio
    • Close to a complete array of retail options
    • Across the street from Bertram Inn & Conference Center
    • Beautiful parks, lakes, and trails
    • Home to over 15,500 residents
    • Flexible uses available

    Overview

    This land is located in a city with over 15,500 residents, known for its parks, lakes, and trails. The city has been recognized as one of the 50 safest cities in Ohio. The property is situated across the street from the Bertram Inn & Conference Center and is close to a variety of retail options. Flexible uses are available for the land.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.5182
    Latitude
    41.3144

    Nearby Similar for Sale

    • $624,900

      Prime Aurora Commercial Development Opportunity

      2.68 acres in Aurora, zoned C-1, with development potential.
      221 E Garfield Road, Aurora, OH 44202
      View Details
    • $175,000

      Versatile Outbuilding Setup on Acre

      One-acre parcel with versatile outbuildings, strong utilities, and ample parking.
      Mennonite, Aurora, OH 44202
      View Details
    • $1,675,000

      7.18 Acre Commercial Parcel

      Commercial land parcel zoned C3 in Aurora, Ohio.
      Lot 18 State Route 82, Aurora, OH 44202
      View Details
    • $1,399,000

      Prime Corner Lot in Aurora

      14.15 acres of C2-zoned commercial land for sale.
      V/L 14 AC State Route 82, Aurora, OH 44202
      View Details
    • $395,000

      Aurora Land Opportunity For Sale

      4.40 acres of land in a convenient Aurora location.
      554 South Chillicothe Road, Aurora, OH 44202
      View Details
    • $165,000

      Aurora, Ohio Treed Land Parcel

      3.95-acre lot with gas well in Aurora, Ohio.
      V/L W Garfield Road, Aurora, OH 44202
      View Details
    • $225,000

      Residential Land in Gated Community

      Residential land in Aurora, Ohio, with access to amenities.
      762 Club Drive W, Aurora, OH 44202
      View Details
    • $225,000

      Residential Lot in Gated Community

      Residential lot in Aurora's private, gated Barrington community.
      752 Club Drive W, Aurora, OH 44202
      View Details
    • $2,500,000

      Aurora Industrial Land For Sale

      25 acres of industrial land in Aurora, Ohio.
      1100 S Chillicothe Road, Aurora, OH 44202
      View Details
    • $2,500,000

      Aurora Industrial Land For Sale

      25 acres of industrial land with frontage on State Route 43.
      1100 South Chillicothe Road, Aurora, OH 44202
      View Details
    • $650,000

      Land with Lake Views

      Secluded 12.869-acre property with potential for multiple homes.
      Aurora Hill Dr, Aurora, OH 44202
      View Details
    • Contact for pricing

      Industrial Land For Sale

      Vacant land zoned for manufacturing, processing, and wholesale.
      Aurora , OH 44202
      View Details

    FAQs

    What type of property is this?
    Land - Land with flexible uses in a safe, amenity-rich Ohio city.
    Where is this land located?
    The property is located at 549-601 N Aurora Rd Aurora, OH.
    What are key features of this property?
    This property features: Voted one of the 50 safest cities in Ohio; Close to a complete array of retail options; Across the street from Bertram Inn & Conference Center
    (216) 235-2588 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Victor S. Voinovich Sr.
    Victor S. Voinovich Sr.
    Real Estate License ID: #BRK0000264083
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    549-601 N Aurora Rd, Aurora, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!